14. a retailer has some sweaters that cost her $38 each. she wants to sell them at a profit of 20% of her…

14. a retailer has some sweaters that cost her $38 each. she wants to sell them at a profit of 20% of her cost. what price should she charge for each sweater?

14. a retailer has some sweaters that cost her $38 each. she wants to sell them at a profit of 20% of her cost. what price should she charge for each sweater?

Answer

Explanation:

Step1: Calculate the profit amount

The cost of each sweater is $38. The profit is 20% of the cost. So the profit amount for each sweater is $38\times 20%=38\times0.2 = 7.6$.

Step2: Calculate the selling - price

The selling - price of each sweater is the sum of the cost and the profit. So the selling - price $S=38 + 7.6=45.6$.

Answer:

$45.6$